| (a) General provisions. For the purpose of determining
state aid and excess local revenue under the Texas Education Code
(TEC), Chapter 46 and Chapter 48, calculations that include tax collections
as a data element shall reference subsection (b) of this section.
(b) Definitions. The following words and terms, when
used in this chapter, shall have the following meanings, unless the
context clearly indicates otherwise.
(1) Total levy. The sum of the maintenance and operation
and debt service levies generated by applying a school district's
adopted tax rates to its locally assessed valuation of property for
the current tax year.
(2) Tax collection.
(A) For school districts with a fiscal year that begins
on July 1, total taxes collected between July 1 and June 30 for the
current and all prior years' levies.
(B) For school districts with a fiscal year that begins
on September 1, total taxes collected between September 1 and August
31 for the current and all prior years' levies.
(C) For a school district that has been awarded a property
value adjustment for a major taxpayer protest pursuant to TEC, §48.267,
the district may petition the commissioner of education to attribute
taxes that had been withheld due to the protest of valuation to the
year in which the taxes were originally levied.
(3) Types of tax collections.
(A) Maintenance and operations taxes are those taxes
collected during the fiscal year that are associated with the levy
of local maintenance and operations tax rates, including current and
delinquent taxes and any delinquent taxes related to former county
education districts, but not including penalties and interest that
accrue on delinquent maintenance and operations tax levies or the
tax credits authorized by the Texas Tax Code, Chapter 313.
(B) Interest and sinking fund taxes are those associated
with the levy of local interest and sinking fund taxes, not including
penalties and interest that accrue on delinquent interest and sinking
funds tax levies.
|
